Sen. Corker reacts to credit rating downgrade

By: Mario Boone Email
By: Mario Boone Email

KNOXVILLE, Tenn. (WVLT) -- What does the U.S. credit downgrade mean for your bank account? Sen.Bob Corker, R-TN tackled the issue during a luncheon in downtown Knoxville Monday.

"Everybody's in a state of concern right now, as they should be," said Corker. Because here at home and on world markets, our nation's image is taking a beating. Add to that, discord in congress over "how" to solve the debt problem.

"You know it's going to take both parties to get us out of this," Corker said. Those same politicians, plus Tea Party members whom some here believe are to blame.

"They're the ones that brought us in this mess. They need to get us out and they need to hurry up," said James Sigwerth of Knoxville.

Said Stephen Ogle, also of Knoxville, "I think you can probably point your finger at everybody in Washington, D.C."

"I just hope they get it together and stop pointing the finger at everybody and get it solved," said Melodie Scott of Chattanooga. Scott is a postal worker who's seen her 401-(k) plummet with the stock market. "What does he suggest that he can do to help," Scott asked. So I put that question to the senator.

"We've got to deal with entitlements. "With people living longer we're going to have to raise the retirement age," said Corker.

Across town Gov. Bill Haslam is also reacting to the U.S. credit rating downgrade. "I think Washington will be sending less money to the states and the cities."

And, no matter what that dollar amount is, it all comes down to politicians working together.

"At least compromise with the Democrats and sit down and talk it out," said Scott.


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  • by glenda Location: dandridge on Aug 8, 2011 at 08:00 PM
    It was only last week when you called my phone telling me how you knew that I want you to vote the way you did . Now you can not even remember voting for this plan and blame it on the TP.It is not right to hold the people of the USA HOSTAGE TO GET WHAT YOU AND YOUR PARTY WANTS. All you had to do was pass the extenion of the the Dept ceiling , but no you and your GOP had to act like 2 yr olds . We will remember this
  • by Roger Location: Uncoi, TN on Aug 8, 2011 at 07:16 PM
    All elected representatives to the Congress, Senate and House can accept partial responsibility for the S&P downgrade. They voted for the Debt Ceiling with associated plan for phantom cuts. I have not voted for a TN senator for years and now am doubting my Representative's conservative credentials.
  • by Abbey Location: Knoxville on Aug 8, 2011 at 06:59 PM
    Corker is why we are where we are today. He is a disaster along with Alexander. They are self-promoters and care little to nothing about us average Tennesseans. I am disgusted with them both and do not believe a word either of them says.

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